Independent music companies continue to call on competition watchdog to address streaming platforms January 5, 2022 Independent music companies are calling on the competition watchdog to look into streaming platforms renumeration structures as pressure begins to mount on the industry.
Absolute Radio and Jazz FM broadcasters secured for another decade as government renews licences January 5, 2022 Radio lovers will be able to enjoy the best of the UK’s national commercial broadcasters’ content through free-to-air digital radio for the next decade as the government gives Ofcom the power to renew two national commercial radio multiplex licences - Digital One and Sound Digital.
More artists are benefiting from streaming than they did from CDs according to new data January 4, 2022 Official figures released by record labels’ association the BPI show that more artists are succeeding as streaming and the music industry boomed in 2021.
Vinyl purchases at highest level since 1990 with ABBA and Amy Winehouse classics leading the comeback December 29, 2021 Physical records have made a 2021 comeback, with over five million LP vinyls purchased over the past 12 months – a jump of eight per cent or higher on 2020 and a 14th consecutive year of growth since the format’s low point in 2007.
Warner Music buys 300 Entertainment for $400m December 17, 2021 Warner Music has announced the purchase of 300 Entertainment, the label behind artists such as Megan Thee Stallion and Mary J. Blige. Even though both companies did not disclose the deal’s value, sources told Reuters it amounted to around $400m. “[Warner Music] is the perfect home for 300 artists and our team, as we invest [...]
Born to Sell: Springsteen cashes in a record £376m from Sony for music December 17, 2021 Bruce Springsteen reportedly sold his master recordings and publishing rights yesterday for a record $500m (£376m) to Sony Music.
Audioboom expects ‘marginally improved’ revenues after rapid podcast growth December 16, 2021 Podcast firm Audioboom said this morning it had continued to experience "strong momentum" into the fourth quarter of 2021, with the company now expecting to generate "significantly increased" adjusted underlying earnings and "marginally improved" revenues.
Hipgnosis’ music grabs pay off as the investment firm reports revenue boom December 16, 2021 Music investment firm Hipgnosis Songs reported this morning that both net revenues and underlying earnings had grown in the six months ended 30 September as its net asset value increased 2.5 per cent throughout the period.
Paul McCartney to invest in music start-up Audoo December 13, 2021 Former Beatle Sir Paul McCartney is reportedly among the investors financing music start-up Audoo. McCartney – joining the likes of music firm Tileyard London and Abba singer Bjorn Ulvaeus – is behind the app’s £7.2m funding round, the Times reported. In its pre-series B funding Audoo – which aims to revolutionise the royalty payment system [...]
Haters Gonna Hate: Taylor Swift faces trial over copied ‘Shake It Off’ lyrics December 10, 2021 Taylor Swift face a jury trial over accusations that she plagiarised the lyrics for Shake It Off from another song from the band 3LW’s. In the 2001 hit Playas Gon’ Play, Swift is seen to copy the lines “players gonna play” and “haters gonna hate”. A US judge refused the pop superstar’s request to dismiss [...]